Revista Tinerilor Economiºti (The Young Economists Journal)

� Financial reporting is a representation of the final outcome of the activity,
having as purpose to provide information about the financial position, the performance
and the changes occurred within the financial position of the entity;
� Their goal is to obtain relevant information for fair decision-making. Thus,
the information is required to comply with a series of qualitative conditions, such as:
understand ability, reliability, relevance and comparability;
� The structure of financial statements is similar for all entities, but there are
a few differences due to the diversity of users’ needs;
� The differences between statements of public institutions and the ones of
economic agents come from the financing manner. It the case of economic agents, the
entire activity is organized by complying with the self management principle, while in
public institutions prevails the need to use public financial resources with maximum
efficiency;
� In terms of the components of these difference, they are not major and are
caused by their goals and needs;
� Preparing financial statements is absolutely necessary at the level of all
entities because it allows good emphasis of the activity in order to make relevant
decisions for sustainable development.
In the context of internationalization, financial statements should comply with
the requirements of a wide range of users, should contribute to reaching the
fundamental objective of accounting – accurate picture. Accounting should be adapted
to respond to the complex contemporary challenges, generated by globalization, by
extending financial markets, etc.
The meaning 17 of producing accounting information is justified by its
“consumers”, whose satisfaction should be a crucial issue as a result of increasing the
impact and social responsibilities over the optimum combination and dosage of
information resources that trigger synergies, being the basis of building a systemic
vision where elements with a prospective and constructive feature have decisive weight.
REFERENCES
1. Cenar, I. Contabilitatea instituţiilor publice, Casa Cărţii de Ştiinţă Publishing
House, Cluj - Napoca, 2007;
2. Cenar, I. Îndumar pentru contabilitatea instituţiilor publice, Risoprint
3. Federaţia
Internaţională a
Contabililor
4. Federaţia
Internaţională a
Contabililor
5. Federaţia
Internaţională a
Contabililor
6. Feleagă, L.,
Feleagă, N.
Publishing House, Cluj - Napoca, 2007;
Manual de Standarde Internaţionale pentru Sectorul Public,Volumul
I, Ceccar Publishing House, Bucureşti 2009;
Manual de Standarde Internaţionale pentru Sectorul Public,Volumul
II, Ceccar Publishing House, Bucureşti 2009;
Standarde Internaţionale de Contabilitate pentru Sectorul
Public,Volumul II, Ceccar Publishing House, Bucureşti 2005;
Contabilitate financiară. O abordare europeană şi internaţională,
Ediţia a doua, volumul I, Economică Publishing House, Bucureşti,
17
Iuliana Cenar, Contabilitate instituţiilor publice, Casa Cărţii de Ştiinţă Publishing House, Cluj
– Napoca, 2007, p.235.
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